When you buy a home, it represents your hopes and plans for the future. Most homeowners work with an experienced insurance agent to select the right home insurance policy. If your home is near Scottsdale, AZ, the team at Homeowners Insurance Group can help you understand the details of home insurance coverage. We have been assisting homeowners like you for more than 20 years.
Does Your Home Need Flood Insurance?
According to the Arizona Department of Insurance and Financial Institutions, standard home insurance policies do not cover flood damage. For insurance purposes, a flood is defined as water outside your home that enters at ground level or higher. If you are concerned about potential flood damage to your home, you will need to purchase a separate flood insurance policy.
Flood insurance for all states is administered through the National Flood Insurance Program, which is overseen by FEMA, the Federal Emergency Management Agency. NFIP offers two policies: one that covers structural damage to your home and another that protects your personal belongings.
If your home is located in a designated flood zone, your mortgage lender or landlord may require you to purchase flood insurance. It is important to note that NFIP flood insurance includes a 30-day waiting period before coverage begins. If you have questions about flood insurance or whether you need it, one of our agents can help.
Call Us for Your Appointment Today
Home insurance plays an important role in protecting your financial investment. Because there are multiple types of home insurance, it is helpful to speak with a knowledgeable agent to determine which policy fits your needs. Contact a member of our team at Homeowners Insurance Group to schedule an appointment at our Scottsdale, AZ, office.